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Dollars rise to hit global US groups

Foreign exchange volatility could take its toll on the financial results of US multinationals such as Kraft, McDonald's, Coca-Cola, Procter & Gamble and Nike, in spite of efforts to blunt the effects through hedging.

25 2010 | Viewed: 479 | News / Review of Mass Media | Read full
Prince Andrews trade role defended

Buckingham Palace defended Prince Andrew's globetrotting role promoting British business on Sunday after a newspaper sting appeared to show his former wife selling access to him for 500,000, offered by a reporter posing as a tycoon.

25 2010 | Viewed: 504 | News / Review of Mass Media | Read full
Yahoo and Nokia in mobile web deal

Yahoo and Nokia, two companies under pressure from increasingly forceful competitors Google and Apple, have struck a broad alliance to strengthen their mobile internet offerings, particularly in emerging markets.

25 2010 | Viewed: 464 | News / Review of Mass Media | Read full
Duchess of York apologizes over newspaper sting

(Reuters) - Britain's Duchess of York, caught on camera apparently offering to sell access to her ex-husband, UK trade envoy Prince Andrew, said on Sunday she was sorry for her "serious lapse in judgment."

24 2010 | Viewed: 481 | News / Review of Mass Media | Read full
Euros woes likely to delay renminbi reform

With all eyes on the falling euro, the issue of Chinese currency reform seems to have been pushed to the sidelines.

20 2010 | Viewed: 587 | News / Review of Mass Media | Read full
Commerzbank prepares for end of state support

Commerzbank is preparing for a withdrawal of German state support by asking shareholders to agree to a range of capital-raising measures, including a large minority stake in the bank being sold directly to another investor.

20 2010 | Viewed: 497 | News / Review of Mass Media | Read full
Dubai investment business hit by $562m loss

The investment arm of Dubai International Financial Centre, the emirate's tax-free financial district, reported a net loss of $562m for 2009 as it wrote down real estate and business investments in the emirate.

4 2010 | Viewed: 605 | News / Review of Mass Media | Read full
Pearson revenues up 12% in first quarter

Dame Marjorie Scardino, chief executive of Pearson, told shareholders that the company had enjoyed its "best year" in spite of the challenging circumstances of 2009, as she also reported revenues up 12 per cent in the first quarter of 2010.

4 2010 | Viewed: 520 | News / Review of Mass Media | Read full
Chinese banks forced to raise reserves again

China's central bank said on Sunday it will raise the amount banks must hold in reserve for a third time this year, the latest move by Beijing to cool its booming economy.

4 2010 | Viewed: 572 | News / Review of Mass Media | Read full
Sberbank on road to launch Eurobond

Sberbank, the state-controlled bank, will kick off a roadshow next month for what may be the first eurobond from a Russian lender since the country's $5.5bn sovereign issue last week.

3 2010 | Viewed: 551 | News / Review of Mass Media | Read full
Obama picks nominees to fill Fed vacancies

Barack Obama on Thursday moved to fill three remaining vacancies on the board of the Federal Reserve in an attempt to put his administration's stamp on the central bank at a key juncture for the US economy.

2 2010 | Viewed: 482 | News / Review of Mass Media | Read full
IMF needs no sympathy over bank taxes

Should we feel sorry for the International Monetary Fund? Quite often, the answer is Yes. When countries cannot agree, they pass an international hot potato to the fund, it writes an equivocal report and then gets it in the neck when the countries, which have not changed their minds, do not like the conclusions.

22 2010 | Viewed: 488 | News / Review of Mass Media | Read full
Brazil and India add to China pressure

China is facing growing pressure from other developing countries to begin appreciating its currency, providing unexpected allies for the US in the diplomatic tussle over Beijing's exchange rate policy.

22 2010 | Viewed: 608 | News / Review of Mass Media | Read full
Cabbage crunch threatens Koreas national dish

Runaway cabbage prices in South Korea are threatening supplies of kimchi, the national dish.

20 2010 | Viewed: 514 | News / Review of Mass Media | Read full
Citigroup earns $4.4bn in first quarter

Citigroup said on Monday that it produced its strongest quarterly profit since 2007 during the first three months of the year, as an improving economy and better credit conditions powered its earnings.

20 2010 | Viewed: 471 | News / Review of Mass Media | Read full
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